Analyst Ratings for Fastenal Co. (FAST)

Updated: 2017-07-29

Shares of Fastenal Co. (NASDAQ:FAST) have received a consensus rating of Overweight from Wall Street analysts. A consensus rating of Overweight was previously issued for FAST last month.

A buy rating was issued by 8 analysts, 2 gave an overweight rating, 8 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 4. Over the same time period, there has been an decrease of 1 in the number of analysts with a negative outlook on the stock.

Several price targets were given for FAST by the analysts covering the stock. The most optimistic price target was 55, implying potential capital gains of 26.29 percent. The most pessimistic analyst gave a price target of 44, implying potential capital losses of 1.03 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 3.1 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 4.17 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 2.67 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 3.22 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 8 analysts increased their quarterly estimates, while 2 analysts made negative revisions. Over the same time period, 9 analysts revised their FY earnings estimates upwards, compared to 2 analysts that revised their FY estimates downwards.

FAST has an estimated earnings growth rate of 5.23 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. FAST has a PEG ratio of 4.58.

FAST has a 52-week high of 52.74 and a 52-week low of 37.70. Currently the stock is 15.52 percent higher than its low, and 17.43 percent below the high. FAST has a price/earnings ratio of 23.93. Investors typically compare the P/E ratio to a company's peers in the industry. The FAST value stock report compares FAST to some of its peers using value stock charts. The stock has a market capitalization of $12.61 billion. FAST will post this quarters earnings in days, on 0000-00-00.